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1969 US Hwy 522 N
Lewistown, PA 17044
Dollar General | Lewistown, PA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease - Passive Ownership Structure. DG is responsible for taxes, insurance, and maintenance - zero Landlord obligations.
- 15-year absolute NNN lease commencing November 13, 2020, and expiring November 30, 2035, with over 10 years remaining.
- Located approximately 30 miles from State College, home to Penn State University, the property captures additional demand from students and visitors.
- Corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant rated BBB by Standard & Poor’s.
- Ideal DG Submarket - Dollar General serves as a primary resource for grocery and household necessity items in Lewistown, PA.
- The property is along U.S. Highway 522 N (7,197 VPD) and benefits from Lewistown’s Amtrak station, providing regional access.
EXECUTIVE SUMMARY
Part of a portfolio, available together or individually. Click here to view all properties: https://cbreemail.com/s/6cb7163cfd370b83e075e7db3b2e36445a241730
The Dollar General is strategically located at 1969 U.S. Highway 522 N in Lewistown, Pennsylvania, along a primary north-south corridor that sees 7,197 vehicles per day, providing the property with solid visibility and consistent traffic exposure. Lewistown serves as the county seat of Mifflin County and is approximately 30 miles from State College, home to Penn State University, offering access to a large student and faculty population as well as regional visitors. The immediate area features a population of 1,077 within 1 mile and 21,385 within 5 miles, with an average household income of $66,191 in the 5-mile ring, reflecting steady demand for value-driven retail.
The Dollar General is strategically located at 1969 U.S. Highway 522 N in Lewistown, Pennsylvania, along a primary north-south corridor that sees 7,197 vehicles per day, providing the property with solid visibility and consistent traffic exposure. Lewistown serves as the county seat of Mifflin County and is approximately 30 miles from State College, home to Penn State University, offering access to a large student and faculty population as well as regional visitors. The immediate area features a population of 1,077 within 1 mile and 21,385 within 5 miles, with an average household income of $66,191 in the 5-mile ring, reflecting steady demand for value-driven retail.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
9,170 SF
Building Class
B
Year Built
2020
Price
$1,841,721 CAD
Price Per SF
$200.84 CAD
Cap Rate
7.50%
NOI
$138,129 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.11 AC
Zoning
C-2
Parking
20 Spaces (2.18 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 16-09-0105IC-000 | Improvements Assessment | $132,409 CAD |
| Land Assessment | $31,559 CAD | Total Assessment | $163,969 CAD |
PROPERTY TAXES
Parcel Number
16-09-0105IC-000
Land Assessment
$31,559 CAD
Improvements Assessment
$132,409 CAD
Total Assessment
$163,969 CAD
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